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traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies me
traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's...
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Dec 12, 2012
12/12
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before president obama enters his second term, officials in pyongyang want the americans to recognize their challenge such as the middle east and afghanistan. another reason it's related to south korea's presidential election scheduled on december 19th. the north koreans hope that the new government will return. they have criticized the conservative candidate for her stance on relations. the missile launch can be seen as a way of pushing the south koreans towards the hard line. >> i see. china is a longtime ally of north korea. how do you see its role? >> i believe china can greatly influence the united nations' reaction. after the previous launch in april, the united nations issued a statement of condemnation. the day before the north's announcement of this launch by its chairman of china's national peoples congress to meet with kim jong-un. the launch announcement the following day caused the chinese to lose face. this time they have strongly urged restraint. also, i think it is important to closely watch how they react. >> thanks very much, hiroki. >>> security analysts in the u.s.
before president obama enters his second term, officials in pyongyang want the americans to recognize their challenge such as the middle east and afghanistan. another reason it's related to south korea's presidential election scheduled on december 19th. the north koreans hope that the new government will return. they have criticized the conservative candidate for her stance on relations. the missile launch can be seen as a way of pushing the south koreans towards the hard line. >> i see....
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Dec 13, 2012
12/12
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KQED
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gaga, president obama, and the pope. what do they have in common? they are communicating with their followers in 140 characters or less. the pope has said his first -- sent his first tweet from pontifex. >> now it was time for something completely new, time for the pope to launch himself into a triple threat. the first week, all over the internet. the pope still prefers writing willnghand, so his wheatweets be taught for him. the thoughts will be his own. the debate on twitter is not always the most respectful kind. will the pope cope? >> there is a risk, but it is the risk of going into a public square. anyone can say anything. there is some shocking. millions of people want to listen respectfully, and we think twitter is a good way to do that. >> in the shower of st. peter's, the first reactions were good. >> most of my children are tweaking, -- tweeting, so they will really connect. they will realize he has been helped along the way, but those little snippets of information are coming to them directly from the holy father are wonderful. >> this p
gaga, president obama, and the pope. what do they have in common? they are communicating with their followers in 140 characters or less. the pope has said his first -- sent his first tweet from pontifex. >> now it was time for something completely new, time for the pope to launch himself into a triple threat. the first week, all over the internet. the pope still prefers writing willnghand, so his wheatweets be taught for him. the thoughts will be his own. the debate on twitter is not...
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advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. comers not strong show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie helton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a reality check plus a talian technocrat leader mario monti versus bunga bunga three time former prime minister silvio berlusconi their lat
advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. comers not strong show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie helton chair of the...
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Dec 10, 2012
12/12
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obama put in. a couple of hundred million dollars of our money, now they're buying that company on the cheap because of of the r&d money that was invested by the federal government. they are buying up housing at a time when, obviously, the housing market's devastated -- megyn: to give our viewers the numbers on that, according to the national association of realtors, nonamerican buyers accounted for 82 billion in home sales, more than 7 billion are by the chinese. here in america, they're buying high-end, multimillion -- >> those darn canadians. megyn: and they're paying cash for them. again, they're focusing in large part on states hit hard by the recession and foreclosures. so we sit around and say the chinese are buying everything, but we need somebody to buy it. >> no question about it. it is part of the deal that we have made, good or bad or even, perhaps, worse than people imagine. these foreign holders of our debt are looking for direct investments. they're doing so in companies, you mention
obama put in. a couple of hundred million dollars of our money, now they're buying that company on the cheap because of of the r&d money that was invested by the federal government. they are buying up housing at a time when, obviously, the housing market's devastated -- megyn: to give our viewers the numbers on that, according to the national association of realtors, nonamerican buyers accounted for 82 billion in home sales, more than 7 billion are by the chinese. here in america, they're...
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Dec 13, 2012
12/12
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the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and pope benedict xvi blessed his followers in his first tweet today. he now has one million followers on this twitter page alone and many more account in several other languages. some saying that he's the coolest pope in history. >> isha, thank you. >>> a former u.s. marine served iraq and afghanistan and now his parents fear that he may die in a mexican prison. they are pleading for his safe return after what was a surfing trip. johnny hammar's story just ahead. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps u
the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and pope benedict xvi blessed his followers in his first tweet today....
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Dec 12, 2012
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i think, look, part and parcel why barack obama was elected and then reelected. the promise of, look, you may not agree with everything i've done, but this country needs a big leader and i am that big leader. they want people to get things done. plus the fact, it's not in this poll, but in most polling we've seen, people would overwhelmingly blame republicans if we go over the cliff. the blame is pretty clear where it's going to fall. i think they are going to get a deal. >> that came out of the washington post/abc poll. >> heavily, heavily so. >> certainly, the speaker and his colleagues are looking at that. there was a comment on cbs this morning from dave camp, the ways and means chairman, who's going to have a big say over what happens on taxes. this is his reaction. >> this is the fifth president i've served with, and when -- in the divided government, when presidents want an agreement, they can get an agreement. >> the president has the leverage now. >> he does. >> the clock is ticking. we had an interesting comment from ken conrad yesterday as to when this
i think, look, part and parcel why barack obama was elected and then reelected. the promise of, look, you may not agree with everything i've done, but this country needs a big leader and i am that big leader. they want people to get things done. plus the fact, it's not in this poll, but in most polling we've seen, people would overwhelmingly blame republicans if we go over the cliff. the blame is pretty clear where it's going to fall. i think they are going to get a deal. >> that came out...
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Dec 13, 2012
12/12
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CNNW
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the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and, anderson, pope benedict xvi blessed his internet followers in his first tweet today. the pontiff has nearly 1 million followers on this english twitter page alone. and has many other accounts in several other languages. some say he is the coolest pope in history. >> isha, thanks very much. >>> a former u.s.afghanistan. now, his parents fear he may die in a mexican prison. they're pleading for his safe return after what began as a surfing trip, it's turned into a nightma nightmare. w? >>> a new twist in the bizarre story of millionaire internet pioneer john mcafee. police in belize want to quest
the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>>...
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the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop long-range ballistic missiles, the u.s. condemned this act. they are worried about the marriage of north korea's nuclear weapons with this long-range missile technology. this is the type of missile that if it was successful, as it appears to be, could reach parts of the united states, alaska, u.s. military bases in hawaii. but a u.s. efficiently i spoke with who used to work on north north korea for the defense department told me, there are still areas in which north korea has not made it as far as they would need to in terms of getting an accurate rocket, in terms of getting heat shielding, and
the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop...
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Dec 13, 2012
12/12
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and yet so many people, within hours and the next days after the election, suggested that president obama may have won this election because he had a better ground game. he was able to get out there in the community, register voters, et cetera. so eric holder's solution would theoretically even the playing field for republican. that's got to be palatable. >> no, it probably wouldn't. because republicans tend to be more registered. democrats always need a better ground game, because their voters, younger, poorer, more mobile are more likely to fall off the registration polls. let me give you a concrete example of the kind of problem the attorney general does not address. the election of 2000, there was a big messup in the voting in the city of st. louis. there were lines that went -- that were not yet discharged a to the time of the -- that was appointed for the end of the voting. the local -- very democratic city, st. louis, in a crucial state, missouri. local democrats went to an elected judge, a political official, and asked that judge to extend voting hours. in no other democracy in th
and yet so many people, within hours and the next days after the election, suggested that president obama may have won this election because he had a better ground game. he was able to get out there in the community, register voters, et cetera. so eric holder's solution would theoretically even the playing field for republican. that's got to be palatable. >> no, it probably wouldn't. because republicans tend to be more registered. democrats always need a better ground game, because their...
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Dec 12, 2012
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p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of details on that, but from boehner's office, republicans are basically awaiting spending cut specifics from the white house. meanwhile, as this goes on, you can imagine that lawmakers here in washington are still sniping as you mentioned publicly. take a listen at the latest from john boehner. >> if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now, the american people have to be scratching their heads and wondering when is the president going to get serious.
p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of...
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Dec 12, 2012
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so now the obama administration has reversed it and you can serve these foods. you still have to have strict calorie counts, but you can serve these. >> is this a good thing or bad thing? have they improved now that they have more food on the plate? it is not bad food, right? >> even the nutritionists so gung ho, they're, like, this is fine. this is fine because, again, still really strict calorie limits on the food, can't go over a certain number, they have to have more whole grains and more fruits and vegetables. this was a tweak that the usda did to make everyone happy. >> score one for both sides. >> there you go. >> thank you, elizabeth. appreciate it. >>> an asteroid buzzes past earth, no one notices. why there wasn't a warning next hour. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. your soups are so awesomely delicious my
so now the obama administration has reversed it and you can serve these foods. you still have to have strict calorie counts, but you can serve these. >> is this a good thing or bad thing? have they improved now that they have more food on the plate? it is not bad food, right? >> even the nutritionists so gung ho, they're, like, this is fine. this is fine because, again, still really strict calorie limits on the food, can't go over a certain number, they have to have more whole...
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Dec 10, 2012
12/12
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CNN
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president obama, the democrats aren't looking to raise anyone's taxes. what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about the middle class. they need to focus in on the fact that they're allowing 98%, the majority of the bush tax cuts to be extended, and they can claim that as a victory. i think you will see a shift in the way people are viewing who's at fault in the fiscal cliff conversation, and you'll be able to have a much more positive attitude about the republicans heading into this so-called battle well hillary clinton in the future. >> l.z. granderson and will cain, thank you, gentlemen. we appreciate it. >> thanks, ted. >>> washington, including president obama, went gangnam s
president obama, the democrats aren't looking to raise anyone's taxes. what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about...
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Dec 12, 2012
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obama replied, stop copying me. so which boehner replied, stop copying me. >> to which obama replied dam infinity. you win for now boehner. >> according to a new poll that just came out, most americans think santa claus is a democrat. which is odd because you think of white, old, fat men that hire unskilled labor, i think republicans. i do. >>> you're in the situation room. happening now, cnn goes in search of syria's chemical weapons. a former regime soldier tells us his order was to shoot to kill. >>> chilling new details of the killer and new details about the shooter and what one survivor heard him say. >>> and a surprise rocket launch and marks a turning point for north korea's mysterious young leader. i'm wolf blitzer. you're in "the situation room." right now we're watching an ominous escalation of the civil war in syria. nato confirming that bashar al assad is launching scud-like missiles, a development that comes in the growing fear the next step by the increasingly desperate government could be a chemical
obama replied, stop copying me. so which boehner replied, stop copying me. >> to which obama replied dam infinity. you win for now boehner. >> according to a new poll that just came out, most americans think santa claus is a democrat. which is odd because you think of white, old, fat men that hire unskilled labor, i think republicans. i do. >>> you're in the situation room. happening now, cnn goes in search of syria's chemical weapons. a former regime soldier tells us his...
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Dec 13, 2012
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they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a compromise now we're going to hold you during that debt ceiling debate and get spending cuts out of you then and president obama does not want to relive that 2011 catastrophe, chaos. >> roland, before you go, i didn't hear anything, it was all, it sounded like charlie brown to me after i heard you say roland's right. i don't know if i've ever heard you utter those words, will cain. >> actually he often says that. this is not a shocker. it's not breaking news and exclusive. it happens a lot. >> it's a just in, but go ahead, what were you saying? >> here's the deal, first of all for the audience, we talk about the fiscal cliff, it involves three things. first of all it deals
they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a compromise now we're going to hold you during that debt ceiling debate and get spending cuts...